Daiichi Kigenso Kagaku Kogyo reported strong sales of automotive exhaust-gas purification catalysts and revised upward its full-year earnings forecast for the fiscal year ending March 2027. Its forecast for cumulative ordinary profit for the first half was raised from ¥900 million to ¥2.62 billion.
Daiichi Kigenso Kagaku Kogyo revised upward its earnings forecast for the fiscal year ending March 2027 on Oct 30.
The forecast for cumulative ordinary profit for the first half (April-September) was raised from ¥900 million to ¥2.62 billion and is expected to be approximately 7.2 times the level of the same period of the previous year.
Factors cited as drivers of higher sales and profit included increased sales volume of automotive exhaust-gas purification catalysts, selling-price revisions accompanying higher raw-material prices, and the effect of the weaker yen.